Good yields for Bangkok buyers
Bangkok offers property investors competitive inflation-adjusted yields, according to new market research published this week.The high gross yields on offer in Jakarta and Ho Chi Minh City (pictured) are swallowed by high inflation rates in these countries, as research from Properydata.asia has...
Continue Reading • 7 Mar 2014
Bangkok prime prices up 12.5%
Prime residential property prices in Bangkok rose 12.5 percent in 2013 according to the annual Wealth Report published by Knight Frank yesterday.Growth in the Thai capital was ranked 15th highest of the survey cities around the world. Jakarta topped the Prime International Residential Index...
Continue Reading • 6 Mar 2014
Ananda reveals record profits
Thai listed property developer Ananda Development has announced record annual profits, revenues and presales – maintaining its position as the leader in mass market condominiums in Thailand.Revenue for 2013 was THB9.22 billion, an increase of 79.6 percent over the previous year. Profits for...
Continue Reading • 6 Mar 2014
AP partners with Japan's biggest developer
Thai property developer AP (Thailand) PLC has joined forces with Japan’s largest real estate developer to jointly develop three large condominium projects in Bangkok.In a move that further strengthens its position as a leading developer of urban condominiums with space optimization...
Continue Reading • 6 Mar 2014
Raimon Land profits at 11-year high
Raimon Land recorded a 50 percent increase in profits during 2013 to reach THB746 million - an 11-year high for the Thailand property developer.In an interview with Bloomberg Television yesterday, Chief Executive Officer Johnson Tan declared himself to be very happy with the 2013 figures.Tan, the...
Continue Reading • 5 Mar 2014
Jones Lang Lasalle to become JLL
Underscoring its global operation, scale and vision for the future, real state company Jones Lang LaSalle has announced it is now using the name “JLL”, and will ALSO be introducing a refreshed logo. The shorter name and new logo are intended to be easily recognised and visible...
Continue Reading • 4 Mar 2014
Pattaya buyers should take advice
Pattaya property buyers and investors should obtained unbiased advice from reputable local real estate agents to avoid potential problems, according to new research from Colliers International Thailand.In its Pattaya Residential Report, published yesterday, the real estate agency wrote:...
Continue Reading • 4 Mar 2014
Bangkok office rents rise 1.7%
Rents for Grade-A office space in Bangkok increased by 1.7 percent quarter-on-quarter during the final three months of 2013, according to research published today by Knight Frank.Despite unrest in Thailand’s capital city, Grade-A rents grew as a result of falling vacancy rates and net...
Continue Reading • 3 Mar 2014
Decline in industrial land sales
Sales of Serviced Industrial Land Plot (SILPs) in Thailand recorded a 56 percent year-on-year decline in 2013, despite registering an 8 percent quarter-on-quarter rise in Q4 2013.In its latest Industry Marketview research report, CBRE Thailand noted that sales increased from 1,240 rai (200...
Continue Reading • 3 Mar 2014
Thonburi condo market to boom
The condominium sector on the Thonburi side of Bangkok is expected to boom according to the Director-General of Thailand’s Real Estate Information Center (REIC).Samma Kitsin, reporting the findings of a recent survey by his organisation, noted the areas alongside the BTS skytrain line from...
Continue Reading • 3 Mar 2014
Heightened need for emergency plans
The ongoing political unrest in Bangkok has raised the need for efficient emergency planning in the property and real estate industry.The issue has been highlighted by Suphin Mechuchep, Managing Director of international property services firm Jones Lang LaSalle.She told DDproperty.com:...
Continue Reading • 28 Feb 2014
English language boost for Thai real estate agents
The Real Estate Broker Association of Thailand (REBA) has joined forces with the Business Institute of Real Estate Development (BIRD) to establish an ‘English for Real Estate Brokers’ course.Dr. Somsak Muneepeerakul, President of REBA, said the aim of the course is to help improve the...
Continue Reading • 28 Feb 2014
Ladprao's claims to be the next top prime property location
Over the past five years the Ratchada-Ladprao area in Bangkok has undergone many changes that are underlining its potential to be one of the next prime property areas in the Thai capital.Recent research from Knight Frank Thailand noted how factors such as convenient access to the mass transit...
Continue Reading • 27 Feb 2014
Expat rents will continue to rise
Rental prices for Bangkok-based expatriates will continue to rise despite the ongoing political situation in Thailand.Speaking exclusively to DDproperty.com, James Pitchon – Executive Director for CBRE Thailand, noted that expatriate numbers in Bangkok have been rising.He said: “Most...
Continue Reading • 27 Feb 2014
Prive 49 launched in Phuket
Phuket-based developer The Onella Co has become the latest company to launch a condominium project close to Central Festival.Earlier this month the company opened its Privé 49 showroom, next to Makro, to property figures and the media with a cocktail party with live music. The showroom...
Continue Reading • 27 Feb 2014
Singaporeans, Indians the biggest buyers of Thailand property
Rich residents of Singapore and India are the biggest Asian buyers of Thailand property, according to a recent survey of overseas property purchases by HSBC.A total of 37 percent of affluent Asians own overseas property, according to the research which was conducted in September 2013....
Continue Reading • 26 Feb 2014
Troubled properties up for auction
The Legal Execution Department (LED), which organises auctions of financially-distressed property, much of it with unpaid bank loans, will hold auctions of Phuket properties over the coming months.Ut Utthanon, Deputy Director of the LED, which is part of the Ministry of Justice, said that some...
Continue Reading • 26 Feb 2014
Political crisis impacts Ideo show
EXCLUSIVE: The only Bangkok property development to exhibit in Singapore last weekend experienced a lower turnout than at previous exhibitions in the city-state.The current political situation was cited as one of the reasons for the low interest levels for Ideo Mobi Rama 9 (pictured), a 703-unit...
Continue Reading • 25 Feb 2014
Office vacancies at 20-year low
Growth in demand for office space in Bangkok during 2013, combined with limited new supply, saw vacancy rates falling below 10 percent for the first time in 20 years according to CBRE Thailand.James Pitchon, Executive Director - Head of CBRE Research and Consulting, said: “The total office...
Continue Reading • 25 Feb 2014
Bargain time in Hua Hin, Cha Am
A slowdown in the resort markets of Hua Hin and Cha Am is giving prospective property buyers a significant opportunity to bargain, according to a newly-published research report.In its Hua Hin, Cha Am and Pranburi Residential Report for 2013 H2, Colliers International Thailand also predicted that...
Continue Reading • 24 Feb 2014